BSENDA Securities LtdHighNeutral
Announced Tue, 20 Jan · 16:51 IST

Please find enclosed herewith the Un-Audited Standalone and Cosolidated Financial Results of NDA Securities Limited for the quarter and nine month ended on 31st December 2025. This is ....

Revenue DeclinePat NegativeEbitda Margin CompressionResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NDA Securities reported a net loss of Rs. 43.51 lakhs on a standalone basis for Q3 FY26 (ended Dec 31, 2025), compared to a profit of Rs. 12.82 lakhs in the same quarter last year. Total standalone income fell sharply to Rs. 120.46 lakhs from Rs. 165.18 lakhs year-on-year, with brokerage and commission income dropping to Rs. 101.72 lakhs (vs Rs. 145.83 lakhs). For the nine-month period, the company swung to a standalone net loss of Rs. 46.46 lakhs versus a profit of Rs. 64.95 lakhs a year ago, while total income declined to Rs. 391.27 lakhs from Rs. 547.59 lakhs. On a consolidated basis, the nine-month net loss widened to Rs. 77.78 lakhs, dragged further by subsidiary losses. The company blames the results on its de-empanelment by LIC following a change in management control, and says it is actively pursuing re-empanelment. The statutory auditor (JM & Associates) issued an unqualified limited review report with no qualifications.

Likely market impact

Negative for shareholders — the company has swung from profit to loss on both quarterly and year-to-date basis, with revenue declining around 27-29% year-on-year, and the LIC de-empanelment is a material business risk until re-empanelment is achieved. The stock could remain under pressure until there is clarity on business recovery and re-onboarding of institutional clients.